{"id":115974,"date":"2024-01-22T19:50:26","date_gmt":"2024-01-22T18:50:26","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/115974\/"},"modified":"2026-02-17T16:40:16","modified_gmt":"2026-02-17T15:40:16","slug":"the-privatisation-of-public-assets-as-an-economic-policy-instrument-private-versus-public-ownership-of-companies-empirical-evidence-and-considerations-for-industrial-location-policy","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/115974\/","title":{"rendered":"The Privatisation of Public Assets as an Economic Policy Instrument: Private versus Public Ownership of Companies \u2013 Empirical Evidence and Considerations for Industrial Location Policy"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-115974","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This second contribution to WIFO's series of articles on privatisation focuses on the analysis of the empirical evidence. It also investigates which extent of government withdrawal from state-owned enterprises would be optimal from the perspective of industrial location policy. According to the international empirical evidence private ownership is generally the more efficient and more profitable form of ownership by economic standards. Only in narrowly defined exceptions, if functioning competition cannot be achieved via the respective regulation as, e.g., in the case of services of general interest, a permanent strategic investment by the government as core shareholder is justified from an economic perspective.","onlinedate":"2012-02-03 01:00:00","lang":"English","publication_series":"","publication_date":"20111201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Privatisation Empirical Evidence Private Ownership Public Ownership\"]","jelcodes":"[]","related_publications":"[]","pdf":441671,"zip":null,"link":"https:\/\/www.wifo.ac.at\/wwa\/pubid\/43472","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"16","monthly_report_pages":"244-255","monthly_report_pages_sort":"244","issue":"4","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3491],"collaboration":"","persons":[3705],"persons_data":"[{\"personId\":3705,\"personName\":\"Michael B\u00f6heim\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>B\u00f6heim, M.<\\\/span> (2011). <span>The Privatisation of Public Assets as an Economic Policy Instrument: Private versus Public Ownership of Companies \u2013 Empirical Evidence and Considerations for Industrial Location Policy<\\\/span>. <span><em>Austrian Economic Quarterly<\\\/em><\\\/span>, <em>16<\\\/em>(4), 244-255. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43472\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43472<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>B\u00f6heim M<\\\/span>. <span class=\\\"title\\\"><span>The Privatisation of Public Assets as an Economic Policy Instrument: Private versus Public Ownership of Companies \u2013 Empirical Evidence and Considerations for Industrial Location Policy<\\\/span><\\\/span>. <span>Austrian Economic Quarterly<\\\/span>. 2011 Dec;16(4):244-255.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{761a3c2b51254c52b08f237fbb4a6331,<\\\/div><div>  title    = \\\"The Privatisation of Public Assets as an Economic Policy Instrument: Private versus Public Ownership of Companies \u2013 Empirical Evidence and Considerations for Industrial Location Policy\\\",<\\\/div><div>  abstract = \\\"This second contribution to WIFO's series of articles on privatisation focuses on the analysis of the empirical evidence. It also investigates which extent of government withdrawal from state-owned enterprises would be optimal from the perspective of industrial location policy. According to the international empirical evidence private ownership is generally the more efficient and more profitable form of ownership by economic standards. Only in narrowly defined exceptions, if functioning competition cannot be achieved via the respective regulation as, e.g., in the case of services of general interest, a permanent strategic investment by the government as core shareholder is justified from an economic perspective.\\\",<\\\/div><div>  keywords = \\\"Privatisation Empirical Evidence Private Ownership Public Ownership, Privatisation Empirical Evidence Private Ownership Public Ownership\\\",<\\\/div><div>  author   = \\\"Michael B{\\\\\\\"o}heim\\\",<\\\/div><div>  note     = \\\"Privatisation: Empirical Evidence and Location Policy\\\",<\\\/div><div>  year     = \\\"2011\\\",<\\\/div><div>  month    = dec,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  volume   = \\\"16\\\",<\\\/div><div>  pages    = \\\"244--255\\\",<\\\/div><div>  journal  = \\\"Austrian Economic Quarterly\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - The Privatisation of Public Assets as an Economic Policy Instrument: Private versus Public Ownership of Companies \u2013 Empirical Evidence and Considerations for Industrial Location Policy<\\\/p><p>AU  - B\u00f6heim, Michael<\\\/p><p>N1  - Privatisation: Empirical Evidence and Location Policy<\\\/p><p>PY  - 2011\\\/12<\\\/p><p>Y1  - 2011\\\/12<\\\/p><p>N2  - This second contribution to WIFO's series of articles on privatisation focuses on the analysis of the empirical evidence. It also investigates which extent of government withdrawal from state-owned enterprises would be optimal from the perspective of industrial location policy. According to the international empirical evidence private ownership is generally the more efficient and more profitable form of ownership by economic standards. Only in narrowly defined exceptions, if functioning competition cannot be achieved via the respective regulation as, e.g., in the case of services of general interest, a permanent strategic investment by the government as core shareholder is justified from an economic perspective.<\\\/p><p>AB  - This second contribution to WIFO's series of articles on privatisation focuses on the analysis of the empirical evidence. It also investigates which extent of government withdrawal from state-owned enterprises would be optimal from the perspective of industrial location policy. 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